DebtX will sell more than $380 million in Commercial Real Estate loans secured by properties in the southeastern United States, the company said.

The transaction includes more than 200 lending relationships. The loans range in size up to $20 million and are held by land and commercial and residential development projects in the Southeast, including Atlanta, Orlando, and South Florida.

Investors will be given the opportunity to bid on pools and individual loans. Performing, sub-performing and non-performing loans are being sold.

The first of four loan portfolios will go up for bids April 15. Qualified investors can register to view and bid on the assets on the company’s Web site.

“With credit quality weakening, institutions are choosing to sell loans into the increasingly liquid secondary whole loan market, rather than incur the expense of protracted loan workouts,” said CEO Kingsley Greenland in a prepared statement.

With more than 3,500 registered and approved investors and approximately 200 financial institutions selling through its exchange, DebtX operates an online marketplace for loans and works with financial institutions to sell commercial & industrial, commercial real estate, residential and selected consumer debt.